Archipelago Resources PLC Exercise of Options (0844K)

TIDMAR.

RNS Number : 0844K

Archipelago Resources PLC

25 July 2013

25 July 2013

AIM: AR.

Archipelago Resources plc

("Archipelago" or "the Company")

Exercise of Options

Archipelago Resources plc ("Archipelago" or "the Company") is pleased to announce that the 6,178,301 share options held by PT Rajawali Corporation ("Rajawali") have now been exercised at the price of 12.5 pence per ordinary share.

Following exercise of the options Rajawali now holds 306,230,663 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") representing 52.64% (previously 52.13%) of the issued share capital of the Company.

The Company has applied for the 6,178,301 Ordinary Shares to be admitted to trading on AIM and admission is expected on 31 July 2013.

As a result of this share issue, the Company now has in issue 581,710,936 Ordinary Shares, each with voting rights attached.

The figure of 581,710,936 should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure and Transparency Rules.

FURTHER INFORMATION

 
 
   Archipelago Resources 
   plc 
   President - Corporate 
   Strategy                                                             [phone] 
   Matthew Salthouse            [phone]                            8000 
---------------------------  ----------------  ----------------------  ------------ 
                                                Canaccord Genuity 
                                                 Limited 
                                                 Joint Broker 
                                                 Andrew Chubb 
                                                 Christopher Fincken 
---------------------------  ----------------  ----------------------  ------------ 
 Grant Thornton UK LLP 
  NOMAD 
  Philip Secrett              [phone] 
  David Hignell                5100 
---------------------------  ----------------  ----------------------  ------------ 
                                                Liberum Capital 
   Buchanan                                      Limited 
   Corporate Communication                       Joint Broker 
   Bobby Morse                  [phone]      Michael Rawlinson      [phone] 
   Gordon Poole                 5000             Christopher Kololian    2000 
---------------------------  ----------------  ----------------------  ------------ 
 

ABOUT ARCHIPELAGO

Archipelago is a producing mining company listed on the AIM market of the London Stock Exchange. Archipelago's vision is to grow into a respected and regionally dominant mid-cap gold producer, managing a

portfolio of gold mines and delivering significant value and returns for our shareholders. Archipelago's principal activities are gold mining and exploration in Indonesia (as the 95% owner of the producing Toka Tindung Gold Mine in North Sulawesi, Indonesia). In 2013, Archipelago expects to produce between 140,000 and 155,000 Au Eq oz at a cash cost of between US$620 and US$680 per ounce (net of silver credits).

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEASXLALLDEFF